SCUSD trade ideas
Siacoin 2 year inverse head and shouldersBitcoin is in price discovery. Last time it topped the capital rotation into alts was absolutely biblical. I rode this in 2018 and have be accumulating in this head and shoulders trading range for the past 2 years.
Right now we are teasing a breakout and should the 0.005 usd level hold, it will be the highest daily close in 2 years above this major resistance.
On top of that this company is a decentralized cloud storage company with a very active development team and an excellent product that is extremely competitive in cost and speed.
SC/USD (Retested Key Level Support)💎Technical Analysis Summary💎
BITTREX: SCUSD
-Siacoin has found support at the previous level at 0.0025 dollar
-If this support area will hold for the next few days
-It will likely consolidate in a ranging market
-The best option here is to wait for the channel breakout above
-Once the channel is broken upward, buyers will start joining fast
-So please be patient and wait for proper entry and confirmation
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SC/USD to new price levels?Will we see the wave play out through the final run up and subsequent a,b,c correction? after the correction we could see a new rally take the price to new levels. The jump could also take place much sooner! all SkyNet needs is attention, they already have revolutionary FREE tech!!!! Wake Up People!!!!!
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GET F****** LONG!!!!!!!
SC/USDA closer look at the W forming in SC/USD, breaking down my weekly chart idea in the daily chart, providing purely speculative price targets based on R&S (resistance and support) line intersections. Obviously, the technicals(10&20 EMAs) point to an uptrend, trading with the trend puts you in a long, buying or adding to positions on the dips. Fundamentals look nice for a trend continuation, as some devs have even mentioned officially that big things are happening in the month of November.
Hoping to put a video on youtube, further detailing this analysis.
I am not directly compensated by anyone. The only crypto I currently hold SC(for the possibility of a Skynet pump). The only stock I currently hold is SWBI (for the election cycle..... charts don't lie)
Bullish BiasPrice may range if it doesn't break .0041, there could be a pull back and start to range.
Ascending Trianle (Short term 150% profit potential)5 reasons to go long on SC.
A very clear ascending triangle pattern which can potentially help SC to break through a long term resistance line (denoted with the hammers).
An ascending triangle is a bullish continuation patters and the fact that the price is hitting the supply line (diagonal line of the triangle) means that the perfect entry might be right here.
Volume is diminishing when the price crawls closer to the end of the triangle, but can gain very quickly in a bullish market.
In a bull cycle money will flow from BTC to top 10 altcoins (been there (ETH, XRP, LTC etc.), then to mid-top altcoins (next/now) then low marketcap altcoins (thereafter).
Once it breaks out of the triangle there is lots room for growth.
Please, let me know in the comments what you think of the idea and check my very early prediction for breaking the long term resistance line of BTC as well and follow me if you go long for updates.
SCUSD in a falling wedgeSCUSD is currently trading within a falling wedge, a bullish pattern. We could potentially have a fakeout to the downside before going higher. If it breaks above the blue resistance above, this will likely go quite high.
I'm seeing slight bullish divergences on H4 timeframe.
scusd day analysisVirtual money has high profits and high RISK. THIS IS NOT AN INVESTMENT PROPOSAL. My personal opinion.
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